"We needed to see a double-digit increase in consumer purchases
in May and June but through mid-June we are still below last
year's levels in nearly every major market in the northern and
western United States." said
Jim Hagedorn, chairman and chief
executive officer. "Weather has been the primary driver for the
shortfall all the way through May. We also were impacted by a
more promotional retail landscape and changes in certain retailer
strategies within the mass merchandise channel."

The stock is sliding after hours.

So the company is going to pot literally (the weed news) and
figuratively, the ugly outlook.